ThomasM125
Expert Alumni

Get your taxes done using TurboTax

The federal poverty level for a family of three is $21,720 in 2020. So, your premium tax credit would not be allowed if your income was over 400% of that, or $86,880. You can read about that here:

 

https://www.healthcare.gov/lower-costs/

 

You would have to look at form 8962 to see why the credit is being denied.

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